Corporate Responsible Leadership: A Report on Wal-Mart's CSR Practices

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Added on  2020/06/04

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This report analyzes Wal-Mart's Corporate Social Responsibility (CSR) practices, focusing on the company's efforts to balance business operations with social and environmental concerns. The introduction highlights the importance of CSR for long-term market sustainability. The main body of the report examines Wal-Mart's HR practices, environmental challenges (such as waste and emissions), and stakeholder relationships. It identifies opportunities for improvement, including strengthening stakeholder engagement, expanding business strategically, fostering partnerships, and adhering to environmental regulations. The conclusion emphasizes the need for Wal-Mart to address environmental, social, and economic issues to ensure its long-term success. The report references various academic sources to support its analysis.
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Corporate responsible leadership
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Contents
Introduction......................................................................................................................................2
Main Body.......................................................................................................................................2
Conclusion.......................................................................................................................................3
References........................................................................................................................................4
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Introduction
It is essential for each firm that to fulfill its corporate social responsibility in order to
sustain in the market for longer duration. The present report is based on Wal-Mart which is the
leading retail firm. Company operates its business globally and provides high quality retail
products to consumers. Current study will give brief summary of issues faced by firm and will
describe solutions for resolving these problems.
Main Body
Wal-Mart is fulfilling its corporate social responsibilities and conducting its operations in
such manner so that it does not harm society, environment. Cited firm adopts effective human
resource planning that assist the entity in raising performance of employees. It gives adequate
training to staff members so that they perform their work effectively (Charter, 2017). . HR
department of Wal-Mart is concern for its workers thus, motivate them well so they retain in the
firm for longer duration.
There are many issues related with environment that are taking place due to policies of
Wal-Mart. Practices of the firm is increasing wastage of raw material and air emission type of
issues. That is why company is unable to fulfill its corporate social responsibilities effectively.
But entity has made changes in its polices and has implemented recycling programs, wastage
management system that help in reducing wastage and fulfilling corporate social responsibilities.
Wal-Mart has stopped using polythene bags. Wal-Mart has identified various issues due to which
it is unable to provide benefit to its stakeholders and fail to fulfill its corporate responsibilities
towards people, planet (Crane, Matten and Spence,2013).
Wal-Mart has numerous opportunity through it can fulfill its corporate responsibility and
can enhance its brand reputation. Company has opportunity to identify needs and interest of
stakeholders and address their interest. There are various stakeholders of Wal-Mart: investors,
customers, suppliers etc. Company should develop strong relationship with these stakeholders
and need to fulfill their desires. Cited firm has opportunity to expand its business and reduce its
product’s cost (Muñoz and Cohen, 2018). By this way it will be able to provide more benefit to
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its stakeholders. Strategic partnership with local brand is new opportunity for the firm that can
help the entity in identifying needs of population and offering them satisfactory products as well.
Company can raise quality of its products, it is new opportunity for the business by this way it
will be able to attract more consumers towards the brand. Government of the nation has made
many environment laws that help in protecting natural resources and protecting environment
safe. Company has opportunity to implements these norms in workplace and contribute well in
reducing pollution and reducing wastage of natural resources so that atmosphere can remain
clean. Wal-Mart can use landfills in order to dig wastage materials. This will help in reusing the
material so that no harm causes to planet (Ross, Pandey and Ross, 2015).
Conclusion
From the above study it can be concluded that Wal-Mart is facing issues related with
environment, people and profit but if company fulfills its corporate responsibilities then it will
assist business unit in sustaining in the market for longer duration.
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References
Books and Journals
Charter, M. (2017). Greener marketing: A responsible approach to business. Routledge.
Crane, A., Matten, D. & Spence, L., (2013). Corporate social responsibility in a global context.
Muñoz, P. & Cohen, B., (2018). Sustainable entrepreneurship research: taking stock and looking
ahead. Business Strategy and the Environment.
Ross, R.B., Pandey, V. & Ross, K.L.,(2015). Sustainability and strategy in US agri-food firms:
An assessment of current practices. International Food and Agribusiness Management
Review, 18(1), pp.17-48.
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